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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?
YHOO 52.580.0%Jun 26 5:00 PM EST

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To: ScrapCollector who wrote (1357)4/22/1999 1:20:00 PM
From: memflyken2  Read Replies (1) of 3543
 
Thanks for pointing that out, scrap: that April 27th is indeed aol's earnings report date. I'd kept that in mind when picking the 28th, but you get credit for the reason if that's it; maybe we can go out and have a fine dinner together...

Of course, aol could blow thru earnings estimates with the kind of financial skulduggery that YHOO used to make its 1Q look presentable (playing the intangible assets card). And in this wacko environment, no one cares. Hi-ho Silver, away!

But having said that... don't you think that the timing (today) of Sprint's announcement that it's dumping its 3% stake in aol (28 million shares, I think) is just a tad suspicious. Didn't notice when the effective date was; it's probably after the 28th, but...

Coincidence? Six days before the earnings are released? In the good old days, when hard news moved markets, and soft news was treated as the worthless slush it is, I might say there was a connection. But today? When the world not only believes the moon is made of cream cheese, but is willing to line up to buy slices? I guess we'll know next week...

Let's wish ourselves well, scrap; somebody has to get lucky and pluck auric's golden ring.
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